Statewide weather-related insurance deductible notice requirement for residential property policies

How it works

Delaware law requires all insurers licensed to and writing residential property insurance in Delaware to provide clear and prominent notice to policyholders about deductibles for wind, hail, or hurricane losses. The notice must be provided with new policies and on renewal after an insurer changes the deductible. (delcode.delaware.gov)

What homeowners get

The statute does not create a rebate or grant. It requires disclosure of deductible terms, including whether the deductible is a percentage or dollar amount, and requires an example when the deductible is percentage-based. (delcode.delaware.gov)

Amounts and matching

No dollar amount, match, or premium reduction is set by the statute. (delcode.delaware.gov)

How to use it

Homeowners use the notice to understand how much they would owe if a wind, hail, or hurricane loss occurs. The law applies to most residential property policies, including 1- to 4-family dwellings, condominium units, tenant personal property, and manufactured homes in fixed locations. (delcode.delaware.gov)

Timing and deadlines

The notice must be included at first issuance, and at the first renewal after an insurer changes wind/hail/hurricane deductibles. For policies in effect before January 1, 2013, the notice had to go out with the first renewal on or after that date. (delcode.delaware.gov)